11 Apr 2021
About 80 per cent of the buyers were Singaporeans. PHOTOS: CITY DEVELOPMENTS LTD
SINGAPORE - Buyers snapped up 278 of the 540 units of City Developments Ltd s Irwell Hill Residences, a 99-year leasehold development in prime District 9, on its launch weekend.
The condominium off River Valley Road was launched at an average selling price of $2,700 per sq ft.
About 80 per cent of the buyers are Singaporeans, with the remainder comprising permanent residents and foreigners from China, Malaysia, Indonesia, Australia, South Korea, UK and others, CDL said on Sunday (April 11).
Units ranged from 398 sq ft for a studio to 1,582 sq ft for a four-bedoom premium, including three penthouses from 2,185 to 2,605 sq ft. Apartments were priced from $998,000 for a studio unit to over $4 million for a four-bedroom premium unit with a private lift.
2 standards better than 1 when it comes to ESG reporting – research
2 standards better than 1 when it comes to ESG reporting – research
Print
Companies are finding it helpful to use SASB and GRI standards together for their sustainability reporting, according to a research report released Thursday.
The Sustainability Accounting Standards Board and Global Reporting Initiative interviewed four global companies: Diageo in the U.K., City Developments Ltd., Singapore, Detroit-based General Motors and Suncor Energy in Canada. The results are in the research report, A Practical Guide to Sustainability Reporting Using GRI and SASB Standards, that includes surveys with 132 business representatives from around the world.
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Dyson is taking over Singapore’s colonial-era St James Power Station
Office leasing in Singapore swung into positive territory during the initial quarter of 2021 for the first time since the year-earlier period, nudged by the addition of tech firm Dyson’s lease commitment at a converted colonial-era power plant, according to CBRE.
Supported by tight vacancy in the core CBD market, the city-state also snapped a string of four straight quarters of rental declines as Grade A leasing rates held steady at S$10.40 ($7.73) per square foot per month in the first three months of the year, the global property consultancy said in a release.
Singapore Property Dynasty’s China Deal Is a Cautionary Tale
Bloomberg 3/15/2021 Bloomberg News
(Bloomberg) When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has instead become a cautionary tale for firms looking to invest in Chinese developers.
In a case of a dream turning into a burden, City Developments Ltd. last month revealed a S$1.78 billion ($1.3 billion) writedown on Chongqing-based Sincere Property Group that led the Singapore firm to suffer a record annual loss.
The impairment constituted almost all of CDL’s S$1.9 billion investment in Sincere, which more than doubled from its initial outlay as its partner’s finances deteriorated. Now CDL has had enough, saying it will no longer inject funds until the Chinese company returns to health. Cash-strapped Sincere has dragged their rift into the open af
Singapore property dynasty s China deal becomes cautionary tale yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.